RBS bucks downward FX trend
The UK bank said the division generated revenues of £218 million, a 48.3% increase from the same period last year, and a 21.8% increase from the second quarter. RBS said in an announcement: "Revenue from currencies improved, driven by a significantly better performance in emerging markets."
Meanwhile, French banks fared less well. BNP Paribas said its Q3 fixed-income revenues of €1.211 billion were down 37.6% on the same period last year, blaming high revenues in Q3, 2009. Meanwhile, the results
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